Farcaster

In recent months, Canada's economy has shown signs of slowing down. As of August 2024, the unemployment rate rose to 6.6%, the highest level since 2017 (excluding the pandemic years). This uptick is partly due to population growth outpacing job creation, particularly impacting students, whose unemployment rate hit 16.7%. Meanwhile, inflation has been trending down and hit the Bank of Canada's 2% target in August, allowing the central bank to shift its focus slightly from controlling inflation to stimulating growth